brokerage services

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  FINRA Enforcement Roundup: Morgan Keegan Censured, Fined Over Nontraditional ETFs

  By Marlene Y. Satter, AdvisorOne  |  January 17, 2013

  Among recent FINRA enforcement actions were the censure, fine and order to pay restitution of a firm that charged its customers bogus markups.

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  New Hire Roundup: James Hanna Joins Genworth; Morningstar CFO Departs

  By Marlene Y. Satter, AdvisorOne  |  January 16, 2013

  This week in new hires, Genworth hires a new CTO; Morningstar announced changes in its senior management; and FSI hired Kathryn Anderson and added 500 new advisor members.

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  SEC, FINRA Enforcement Roundup: Shareholder Suit Against UBS Reinstated

  By Marlene Y. Satter, AdvisorOne  |  January 10, 2013

  In recent enforcement news, an appeals court reinstated a suit against UBS subsidiaries by two Puerto Rico-based pension funds over a $757 million bond purchase.

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  SEC, FINRA Enforcement Roundup: Fund Execs First to Face Charges of Overvaluing Assets

  By Marlene Y. Satter, AdvisorOne  |  November 29, 2012

  Three top executives of KCAP Financial Inc., a New York-based publicly traded fund being regulated as a business development company, have been charged by the SEC with overstating the fund’s assets during the financial crisis. a complaint against the president and owner of a Polish-born brokerage firm for targeting the Polish...

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  LPL Adds $8.2 Billion Credit Union to Platform

  By Janet Levaux, AdvisorOne  |  November 19, 2012

  LPL, the independent broker-dealer, says it now has over 685 banks and credit unions as clients.

• LPL, Wells’ FiNet Tap New Execs

  By Janet Levaux, AdvisorOne  |  June 27, 2012

  LPL FINANCIAL SAID IN EARLY JUNE THAT Dan Arnold, currently head of strategy for the largest independent broker-dealer, had been named chief financial officer of the company, the latest step in a management reorganization that has played out over the last few months.

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  LPL Names Strategy Chief Dan Arnold to Succeed Moore as CFO

  By James J. Green, AdvisorOne  |  June 5, 2012

  Dan Arnold, former head of Uvest, will take over from Robert Moore, now president and COO of the largest independent BD.

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  Sterne Agee Adds Wealth and Estate Management Group

  By Michael S. Fischer  |  May 30, 2012

  Sterne Agee, a privately owned investment banking and brokerage firm in Birmingham, Ala., opened a wealth and estate management group last week.

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  Show Me the Data: A Dose of Reality in Fiduciary Debate

  By Bob Clark, AdvisorOne  |  April 11, 2012

  Why is the broker-dealer industry so concerned about the client costs of a fiduciary standard? They aren’t. That argument was simply a red herring.

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  Goldman Sachs Ripped by Critics for History of Putting Profits Over Clients

  By Gil Weinreich, AdvisorOne  |  March 15, 2012

  Greg Smith’s very public resignation from Goldman Sachs has sparked heated discussion in the financial services industry, not only on the propriety of Smith’s New York Times op-ed but on the substance of the former Goldman executive’s accusations against the firm.